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caedollow re weskf e usionof s can change the rate of flow, or if a new u.s. border policy is having an unintendeconsequence. ( helicopter whirring ) narrator: every day, thousands of mexicans cross the border illegally into the united states. often, those hopes are arrested manyre at the border.o man: ahora lista po la mano frente... narrator the u.s. i.n.s., or immigration and naturalization service, records each apprehension on standard forms, including one entrywith hid: it was the migrants' home towns inexico. that's whabringseograpr richard jones to the i.n. with a novel reseah plan. jones knows that economic conditions vary greatly om region to region in mexico. he suspects that some places drive ou- or "push"-- many more migrants to the u.s. than others. hehis investigation beginses driin tly90s "push"-- aris hom in sanoniotes. jones lieves many secrets are stored in i.n.s. files like tse. can they reveal where most migrants come om? can the answers help both countries keep more ople at home? cjones sampless every tenth record, writing down the area of origin within mexico.
>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day for wall street. >> i don't think it's for the best of the country. i had a good feeling that romney was going to be a better candidate for the economy. not bowl. obama. >> many offices in history manhattan remain closed. new york city officials have struggled to turn power back on after hurricane sandy hit last week. >>> following an overnight plunge on wall street tokyo share prices are falling thursday morning. the key nikkei arm now currently standing at 8888. that is down 84 points, or just about 1%. investors placing sell orders on especially export-related issues. currencies, the dollar is currently being sold against the yen. worries about u.s. and european economies. the dollar/yen, 79.96-80.01. the euro/yen, 102.01-06. market players are buying the yen, it's regarded as a relatively safe asset amid pessimistic factors. those include the overnight sell-off on wall street, as well as the grim economic outlook for the eurozone which w
in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
's second largest economy behind the u.s. the chinese government with its growing military started to flex its muscles in the region. it wrangled with asian nations over control of islands in the south china sea and east china sea. >> and joining us now is michitaka. michitaka, you were with me in the great hall of the people when president hu was giving his final speech as communist party general secretary. what do you make of his words? >> the most notable part of the speech was when president hu spoke about the concept he's long supported. he was to make scientific outlook on development one of the communist party's guiding principles. it calls for review of the party's growth and economic policy and aims to incorporate sustainable development, which takes into account social welfare and the environment, making this concept a guiding principle would be part of hu's legacy. it would give him the same status as leaders past including dung zhao ming and deng xiaoping. and it will help him maintain influence within the party after he steps down. hu also advocates during his speech that chin
in the latest incident are real. as with the target. unmanned u.s. predator surveillance graft. the incident was real. though the timing is perhaps, perhaps suspect. one week ago. six days before the u.s. election. national security correspondent jennifer griffin is following this breaking story from the pentagon. >> reporter: at 4:50 a.m. november 1, days before the u.s. presidential election, two iranian su-25 frog foot fighter jets like these intercepted and fired twice upon an unmanned, unarmed u.s. m-2-1 predator drone over the persian gulf. it's the first time the iranians ever fired on a u.s. drone. the shots missed on both attempted. iran's fighter pilots briefly pursued the drone that landed safely at an undisclosed location. >> incident occurred over international waters. 16 nautical miles off the coastline. aircraft was never in iranian air space. it was always flying in international air space. the internationally recognized territorial limit is 12 nautical miles off the coast. we never entered the 12 nautical mile limit. >> asked whether the incident was an act of war, the penta
to washington-- if the u.s. goes over the fiscal cliff, it would push the economy into a recession. and late today, a top credit rating agency puts the odds of going off the cliff at 15%. plus, how g.o.p. economic policies could change as election day demographics change. that and more tonight on nbr! the u.s. economy would be driven into recession next year if the fiscal cliff is not solved in time. that's the warning again today from the congressional budget office. and the standard and poor's ratings agency said there's an increasing chance we will go over that cliff of tax increases and spending cuts. it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the end of next year if the cliff is triggered. those s&p comments hit the market in the last 30 minutes of trading, extending yesterday's sharp losses. the do
. for the first time, the majority of the island's voters supported a non-binding referendum to become a full u.s. state. we will speak with the nation magazine's john nichols president of his new mandate for the next four years. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama return to the white house on wednesday hours after his convincing win over republican challenger mitt romney in the 2012 election. aides say obama has immediately turned to the so-called fiscal cliff of $700 billion in expiring tax cuts and automatic spending reductions set to take effect at the end of the year. under the terms of last year's debt deal, obama and senate democrats must agree on a deficit reduction package with house republicans or face automatic cuts that will likely contract the economy. on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balan
and higher after hours. u.s. weekly jobless claims fell more than expected dropping to a seasonally adjusted 355,000, a drop of 8,000 claims as a possible sign of a healing job market although officials are warning figures may be distorted by superstorm sandy. the four week average applications rose by more than 3,000 of these numbers, change from week to week. liz: let's get a greater perspective. we have jerry levy on the pits of the cme, eugene profits and mark martyak, robert gray at the ready to break in with earnings as soon as they hit the table but let's start with jerrod at the cme. we blew through the 1400, 1440 level on the s&p like this. what do you think? tomorrow and the next couple weeks? >> of paper for we are standing on. a lot of folks watching the 1380 level. i'm watching the 2 and the day moving average of 1360. i jumped in front of the frame. i was selling to avalanche david talked about the vix coming in and markets deteriorated. the reason is people like me to dip their toes in, professional option traders selling downside money put them the right to buy -- dave: i wan
>> still coming up here on abc 7 news, a big selloff raises new questions about the health of the u.s. economy. >> and the g.o.p. offers an olive branch. the president hoping to >> the second honeymoon is over for president ob yaum yachl the fish credit rating agency warned of a down grade today. the worst one day loss in almost a year, so what do the next four years hold in store for the economy? >> by somest meats, 6s billion was spent on the presidential campaign. now will there be a shot in the arm for the economy?yp" >> the economy is just limping along. there are same leaders at the white house]y:eu, where s the change? >> the big selloff seemed to send a message. ash wagner owns a small business in campbell. >> i know several friends started selling stock this morning. >> what did that tell you?. >> that people are not excited about the future of our economy. >> wagner's company has 14 employees. he hopes to expand next year. he doesn't want to bring new later. means less money left tom"c build more jobs. >> the ceo of a software company is hoping the divide in congress can b
militants on the u.s. diplomatic outpost if benghazi being the fault of a youtube video, that was very bad for her. she would compound a problem that the departure of hillary clinton would help alleviate. state department's been really under close scrutiny because of the response to this. the lack of preparation for it, for the attack and the response thereafter, that's something they would like to get away from. putting susan rice in there would intensify it. megyn: last but not least, quickly, if geithner goes, i mean, that's an important job he has. and who is likely to fill that role, and how would it change americans', you know, day-to-day lives? >> well, what the president has in tim geithner's departure is an -- or assumed departure is an opportunity to send a message to the business community that he heard their complaints and is concerned, shares their concerns about issues like debt and the stopgap way that we're running the government these days. so there you'd look for somebody with a bernanke-style business credential, somebody who is, you know, they got geithner from the new
. the pentagon now confirms iranian war planes fired on a u.s. drone flying in international airspace. we will follow-up the breaking news unless breaking news changes everything. this is "studio b" but first from fox at 3:00 in new york city, the second major storm in a week adding insult to injury in the northeast. new york and new jersey are back in the thick of it again. snow and wind snapped weakened trees and downed power lanes. tens of thousands of people lost power. many only just got it back after hurricane sandy. >> no fuel for the generator. i will try to warm up the has. >> my daughter is three. i bundled her up in blankets and put her between my husband and myself. >>shepard: in new jersey, more than 12" of snow. 5" itch -- 5" fell in central park, a record. breezy point is covered in snow this morning with more hardship in a place where so many lost so were. the nor'easter forced fema to shut down ten mobile disaster recovery centers around new york city and rick is on staten island some some of the snow is melting. >> what is incredible we are a full mile away from the ocea
'll break it all down. >>> wall street may have the blues u.s. debt is mounting and tax hikes could be around corner. but screw the inevitable. there are still plenty of ways to make money. we'll tell you exactly how to keep raking it in. >>> the "oracle of omaha" make as new gamble. where warren buffett sees the next cash cow and how you can follow in his footsteps. even when they say it's not it is still always about money. melissa: all right, first let's take a look at the day's market headlines. stocks tumble yet again following the worst session of the year yesterday despite better than eepected u.s. jobless claims and u.s. export data. rising concerns over the fiscal cliff shook investors yet again the dow closed down 121 points. >>> disney shares are sliding after-hours the company reported fiscal fourth quarter earnings a short time ago. disney coming in a little light on revenue while meeting profit expectations. >>> shares of whole foods took a nearly 6% hit. the company warned superstorm sandy is taking a bite out of sales and will hurt earnings. >>> to our top story. che
with a 61-percent majority .... one of the laagest margins of victory on the u-s map.despite the fact thatt ooama did almost no campaigniig in maryland. that matter.but in a state so heavily democratic - neither of them need bother to waste time here....12:39:53 " i number of presidential ads inn local media in marylandd because no matter what your preferences were, maryland was gonna be blue. so maryland is definitely a liberal state." political analyst lestee &pspence... doesn't hesitate to call maryland - liberrl. 12:32:22 "and notice, my polittcs are left-leaning."the & proof - can be ffund in many races.like u-s senate.... incumbent democrat ben cardinn was quick to praiseehis party....ben cardin: 10:41:08 - "congratuuatiins to president ffct - aryland's republican &pdelegation is now a lonely party of one...andy harris: 11:53300 "i'll actually be the only representative... in the house."marylann voters - also apprrved this year - some very left-leaninn ballot questions...like the dream. and we've becomeethe first state to approve gay marriage by
it in nine years. >> more economists coming around the u.s. economy in recession. economists looking at recession and that is the key, lackluster growth. reports making rounds on wall street, indicating we could see more slowing around the bend, with more on what they're hearing here is a liz macdonald with the bottom line. if you listen to these economists everyone is resetting their expectations. >> seeing four of ten, only 4 of 10 have been their sales estimates. that is not a good number. and other data from the same louis fed, very controversial study. they are -- their preliminary data is flashing fire engine red alarms and a recession is around the corner. the second or third quarter, a third of the gdp growth came from government spending on things like defense the we're seeing 227 stocks in correction mode, apple, google and microsoft and we are seeing a big indicator cutting signals, the number of companies that are cutting -- we are seeing a big tax increase of obamacare, in the fiscal cliff, but when you look at data from the s&p you see the u.s. economy entering recessio
, senator lieberman has pointed to the iranians as retaliating against the u.s. banks for the stuxnet attack that i will talk about momentarily. and our power grid. what is the risk? well, one is that terrorists want to break into our power grid. those of you that have lived a few days without power, as mark and i did in d.c. when a few trees knocked down our power lines, well, there are already, according to a number of the experts, foreign nation states that are in our networks, in the power system. the operation aurora, a few years ago, proved that a cyber attack can bring down the power grid with a cyber attack on one of the systems causing it to literally shake itself to death. and if you've noticed, you can't go to wal-mart and pull these power systems off the shelves. it takes a few months to get them back. a few months without the systems could be a $700 billion impact. the intelligence community in the u.s., they are afraid, too. they warned that already they should -- nation states are in our power grid. as you've already heard from john harrington, for the first time that i recall
's lead downward. hallie jackson have details on how lawmakers are trying to ease concerns about the u.s. economy in the fiscal cliff. >> we are hearing from democrats and republicans in congress about working together, but it remains to be seen whether they will back up the top with action. -- back up the talk wtih action. action. the dow dropped 13,000. it is that it would downgrade the u.s. credit rating if congress does nothing about the so-called fiscal cliff. compromising to be the word of the day on a compromise from leaders on both sides of the ideal. >> it is better to be of that fight. it is better to work together. republican speaker of the house signaled his party may be open to deal that includes higher taxes. to the we are willing to except the revenue under the right conditions. democratic senate majority leader harry reid wonder why the wait? >> i am not for kicking the can down the road. i did we have done up far too much. we know what the issue is, and we need to solve that issue. >> president obama looking ahead to the lame-duck session of congress next week. in washin
surpassed japan in gross domestic product to become the world's second largest economy behind the u.s. the chinese government with its growing military started to flex its muscles in the region. it wrangled with asian nations over control of islands in the south china sea and east china sea. >> reporter: the congress opened thursday morning in beijing's great hall of the people. it's about a ten-minute drive from our studios. i went there to watch it unfold. 2,300 delegates from across the country gathered inside the great hall of the people. >> reporter: president hu jintao is now in the midst of giving a work report on past achievements and future goals. >> translator: the communist party has united all ethnic groups across the country and led the people. we have also transformed the old, underdeveloped china into a new china that is prospering every day, but we have to realize there is room for improvement in our work. the unbalance of development and the lack of sustainability are still evident. there are many obstacles -- the disparity between urban and rural areas is wide, the g
sector is still on a capital strike. if barack obama wants strong growth in the u.s. economy, he's going to have to extend his hand to the private interests that he vilified so much of the last two years to get reelected. dagen: more spending temecula of the federal reserve sitting ready and waiting make in our money and spend it. >> federal spending for the last 25 years has been to a percentage gdp. brock obama wanted to be for 23 percent of about 24%. the only way you can afford to do that if he extracts revenue out of the private sector. there is a real dilemma at the center of what he wants to do, and that is why i think we will be looking at gridlock for a little while. connell: okay. dagen: as always, be well. connell: we talked about the dow today being down a little bit, but nothing like yesterday. traders are calling it an obama sell-off, but the thing is, the polls consistently showing the president and the lead going into the election. why wasn't all that price did? brian jacobson. what do you think? >> i think it was partially priced in. it was basically a dead heat going in
whatsoever with congress on either side. u.s. virtually no interaction with members of congress. wow. >> let me, mark, let me just add, first of all, i don't agree with anything charlie just said. now, i agree with everything charlie just said. the key may be whether the president shows decisive leadership. now, i don't know what you all think they're i don't know what charlie thinks. i don't think that decisive leadership necessary is what is shown a lot of the time in the first term. it's not that he didn't show any leadership. he staked out general positions, suggestions, ideas, philosophies, the health care reform. but he didn't get his hands really dirty. remember the public option fight we had. where was the president? if you send it to me, i'll sign it. you know, he let nancy pelosi take the lead on the public option. and on a lot of things, you know, we knew where he stood. he didn't twist arms. he just didn't seem to get involved in the details. is he going to do that now? if he does that, easy going to just come his idea of well, i've got a second term, we picked up seats and since
. beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that we would have some change and a change in the policies. and, i think with obama getting re-elected there are a lot of folks th
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
the europeans? think again. the proportion of greek men and attorneys working inside the book or some in the u.s. working that is what this election was about. people voting for free money, free benefits, health care in every pot. but it is not just the people who lost jobs in the recession who are hooked on government money. the total number of people getting government money is rising. in fact, most of what you suspect about entitlements may be wrong. if he think the proportion of people getting government benefits has been stable, think again. in 1983, less than 30 percent of us get government help. today 49 percent. if you think democrats a lot our's loss of four and seven the spending, no, and the last half century in thailand spending has grown faster under republican presidents and democratic plans. and if you think transfers are a small part of the government budget, wrong, wrong, wrong. take a look at this. less than one-third of the budget. today it is two-thirds of federal spending. that leaves just $1 out of everything the -- out of three, that is, for other things like defense spend
in sight. one of those things we'll play chicken with the u.s. economy. we'll play chicken with the u.s. consumer and probably not get anything done. that is the uncertainty that looms over the market more than anything. melissa: here is the question people are asking me today, on election day, stocks are movng higher. it seemed pretty obvious during theay that barack obama was winning. what was the big change overnight? what was the hangover today? >> yeah. that was the goofy thing and that's why i think blaming barack obama's re-election today kind of a red herring. i don't know anybody would put capital at risk hoping romney to win having it get blasted today. this is realization we'll still not get anything done. romney coming into office, let's say he did win the problems don't go away because mitt romney steps into the oval office. the problems are still there. the business community not having confidence in the congress and administration to put forward a growth oriented environnt. higher taxes are not big of a deal if we're growing the economy. e economy is growing what, 1.5%? m
: a top ratings agency today warning about the u.s. economy. >> yeah. this is from fitch. one of the companies that tells investors how safe it is to lend money to governments. in a statement, the ratings agency washes the newly reelected u.s. president barack obama will need to quickly secure agreement on avoiding the fiscal cliff and raising the debt ceiling following tuesday's elections. fitch says that without that, and a deal to get the country's finances in order, the company will likely downgrade their u.s. credit rating, shep. >> shepard: it's widely believed they will come up with something for at least the short-term. if they don't, what happens to which parts of the economy? >> well, it's broad-based. and because of it analysts first alert forecast another recession if washington fails to figure this one out. taxes would increase on investors and basically anyone who pays taxes. and especially those who use itemized deductions like interest on their home mortgage. doctors who treat medicare patients would get a significant pay cut and a wide range of companies that
of u.s. concrete, inc.. >> madam president, commissioners, [speaker not understood]. item 9d is a consent to transfer to port leases in which bode gravel company is the current port tenant. lease no. l-12507 and premises at seawall, 344. as you well know, the gravel company is an iconic number in san francisco. bode has been here since 1915 and waterfront for 10 year. the business is a production and distribution of ready mix concrete and other construction material to the local construction industry. it is sad for me to now say that the owners of bode now desire to sell their interest in bode and bode concrete llc to central concrete supply company, which is a wholly-owned subsidiary of u.s. concrete. under the terms of the aforementioned leases, 50% or greater interest in the tenant. in this particular case, the owners of bode will be transferring 100% of their equity interest to central and as such the train action requires consent from the port commission. port staff has completed its due diligence regarding the transaction and operations of both central and u.s. concrete
, tunisia and egypt. the u.s. institute of peace post this to our discussion. >> good morning, everyone. i am steven heydemann, middle east initiative at the u.s. institute of peace and we are delighted to see you all here at today's session on security sector reform in the arab world. i think some of those who rsvp may have been scared away by the false rumor that you would be subjected to a political polling experience following the panel. that's not the case that you don't need to worry about that. were very pleased to have you out here with this morning. i would like to stress that our topic this morning i think is both particularly important, but also especially urgent. i don't think that it is an exaggeration to say that what happens with the security sectors in the arab world over the coming year or so, and by security service, i mean the police, the armed forces and most of all of course the very substantial intelligence apparatus is that exist in every arab country, that what happens with those sectors of the bureaucracy in the arab world will let her sleep determined the fate of
. a blizzard is under way. that will continue today and tomorrow. that one is not heading across the u.s. looks like the east coast gets a big break. we should be in the 50s by the weekend. >> we could use a break. bill karins, a busy man over the last couple weeks. >>> turning now to nbc's danielle lee standing by live in trenton, new jersey. danielle, you could hear it in governor christie's voice yesterday. i don't know how much more that place can take. >> reporter: a little battle-weary if you think about it. we're waking up to a couple inches of snow. right here it's turning into slush. that's what's going to be the concern this morning now that the worst of this storm is really past. the roads are wet so we'll be encountering slippery roads which could mean accidents. we've seen crews, snowplows out all morning monitoring the roads. when you talk, though, about the hundreds of thousands of people still recovering from hurricane sandy, this storm was the last thing that many of them needed. more than 100,000 people lost power. some of those people had just gotten their power back on. that
, the nation's leading champion of bank regulation is elected to the u.s. senate. >> an amazing campaign. >> reporter: young people credited with warren's victory as well as successful efforts to legalize marijuana in washington and colorado. >> more evidence of an increasingly liberal elect toreet, same sex har rim is approved -- same-sex marriage is approved. >> i didn't run to make history. i ran to make a difference. >> on the other side, republican appeals to traditional values fell flat in indiana and missouri. even red state voters rejected senate candidates for their extreme antiabortion views. back in washington, house republican leader bay nerd acknowledged that the political wins may be shifting. >> if there's a mandate in yesterday's results, it's a mandate for us to find a way to work together for the lieutions that we all face as a nation. >> coming up tonight, could we be adding another star to the american flag. the little known outcome from yesterday's election. plus, coming up late in the broadcast, one of the nba's finest young players, irving. and also have fun with
in the u.s. are taking a toll on markets overseas. stocks in asia down significantly after a ratings agency threatened to downgrade the u.s. credit rating unless president obama and congress reach a deal on a spending plan by the end of the year. japan's nikkei index lost 1.3% in early trading. south korea's main index also down more than 1% today. >>> and investors here in the u.s. hope the markets rebound from yesterday's free fall. the dow fell more than 300 points. the nasdaq and the s&p also suffered big losses. >>> new this morning, we've learned president obama will be making a ground breaking trip in two weeks. an official from myanmar says the president will visit on either november 18th or 19th. it will be the first ever visit to the country by a u.s. president. the obama administration is trying to encourage democracy in that country. the president is also scheduled to visit nearby thailand and cambodia that same week. >>> tony tull is at the news4 live desk now with breaking news. >> we are just getting word out of afghanistan about multiple deadly bombings by insurgents. in kan
a seat. more women got elected to the u.s. senate than at any time in u.s. history. the republican presidential nominee and vice presidential nominee both lost their home states. missouri and montana and west virginia chose democratic governors. west virginia chose its first gay state legislature. so did north dakota. west virginia and north dakota? yeah, seriously. joe lieberman's old seat went to a real democrat in connecticut. the proportion of young people voting compared to 2008, it went up. same with african-americans, up from 2008. same with latinos, up from 2008, not down, up. if you are a liberal or if you are rooting for the democrats, last night was a very, very, very big night. and, oh, yeah, this happened. president barack obama, yes, will go down in history as our nation's first african-american president. but he will also go down in history as the most successful democratic presidential candidate since fdr. president clinton got re-elected too, i know, but only barack obama got re-elected with not just big electoral college margins, but also with majority wins in the
the u.s. is rumored to be involved in with the discovery of a pair of computer viruses. >> in the case of one, was written by the u.s. and/or israel to damage centrifuges that were being used in iran. >> they say it may mark the first time a computer virus has done physical damage to a country's infrastructure but certainly not the last. >> every year the number of system connected grows and number of devices grow and with that will be a vulnerabilities. >> that the u.s. will be better equipped to catch or to exploit. >> dan: that is remarkable. >> some business news, at&t promises a major upgrade. phone company said it plans to spend billions of dollars more on the next three years to improve networks. they are trying to catch up with verizon and maybe expand into audible connections. >> u.s. trade commission declared china responsible for bringing the solar panel to the brink of collapse. they did so by subsidizing its own manufacturers and under cutting prices here. it will be big tariffs on chinese made solar panels. say goodbye to an election full of laughs. late night comedy high
, cbs news, beijing. gillette u.s. navy seals are part of an elite force that operates in the the shad shadows, best known for killing osama bin laden. but our pentagon correspondent david martin has learned a group of seals is being disciplined for revealing secrets. >> reporter: the seven members of seal team 6 are all still on active duty. one of them was on the raid which killed osama bin laden and made seal team 6 a household name. for two days this spring and summer they worked as paid consultants on this recently-released video game "medal of honor warfire." four other members of the team who have since transferred out of the unit but are still on active duty are under investigation. the game does not recreate the bin laden raid, but it does portray realistic pictures such as an attack on a pirate's den in somalia. it was produced by electronic arts which boasts that real commandos, both active duty and retired, help make its games as realistic as possible. >> operators can jump at altitudes of 30,000 feet. >> reporter: it is unclear what secrets members of seal team 6 gave away
. >> let's rise above the dysfunction and do the right thing together for our country. >> the u.s. goes under a fiscal cliff meaning massive cuts across the board. we will have much more on what the failed budget deal could mean for our area. >> latinos want to make immigration reform. -- a priority. >> an amazing 50% of registered latino voters voted in tuesday's election. two-thirds of them voting for the president. that is why so many gathered here at the white house to remind the administration of its promises. quex>> the >>chant means obama, make good on your promise. the message is clear for the president. >> this is an opportunity to solve the immigration once and for all. >> veronica is living here and worked tirelessly for the passage of the maryland dream which allows access to college financial aid. she is at the white house with her grandmother and sister >> my sister was born here and is that difference that we want to stay together. >> president obama received 17% of the vote. that was the difference in a tight presidential race. >> they will not let the obama administrati
there again? >> well, again, the u.s. stimulated the last crisis with our subprime crisis. the world was awash in debt. demographic trends were set to slow. now we have the same thing replaying with europe set to be the trigger this time with their sovereign debt crisis. we have even greater debt now in countries around the world. demographics is getting ready to slow more in the next few years. i think we're prime for a crisis. this time it's going to be europe that triggers it, not our fiscal cliff, not our fed. if we could take the whole world down, europe can take the whole world down. think of it this way. we've had two bubbles and we're in a third one. each bubble has taken us a little higher. each crash has taken us a little lower. 6,000 is simply the bottom trend line through those bottoms, including the 6440 in early 2009. it's a slight new low. it's not anything that should be unexpected given the trend. >> well, it's still, you know, half of where we are right now. it's only a two-year period. ron, take the other side of that. what do you think? >> i think it's a pretty easy other s
ratings agencies going do, is there another downgrade of u.s. debt looming here and what would that do to financial markets. i want to sort of tell you a little bit about why you might be able to stop worrying and start to love these ratings agencies. the reason is the timeline of any downgrade that might come down the pike. starting with moody's. they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies that produce a stabilization. they want a downward federal debt to gdp trend. fitch says they want an agreement on med yum term deficit reduction in 2013. standard and poor's is saying a medium term fiscal plan toward reducing general government debt. if y
>>> president obama is back at the white house facing an issue that many fear will send the u.s. back into i recession if it is not addressed soon. >> officials in one part of virginia are already planning for next election day, trying to avoid a repeat of long lines at the polls. fox 5 morning news continues right now. right now. >>> good morning on this thursday, november 8th, friday eve, everyone. taking a live look over washington, d.c. this morning waking up to some chilly temperatures once again. we'll see how it is going to shape up today for you. good morning. i'm sarah simmons i'm wisdom martin. welcome to fox 5 morning news. not too bad here but when you look at these pictures, you're like wow, thousands of people in new york and new jersey are without power again after a strong nor'easter hit the area. storm packed powerful winds and heavy wet snow bringing down trees and power lines that hadn't been knocked down by the superstorm. there have been no mandatory evacuations although new york city mayor michael bloomberg urged residents of low-lying neighborhoods to leav
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